by Tyler DurdenThu, 12/10/2020 – 08:38
As lockdowns began to spread virally across America, the number of Americans seeking unemployment benefits has surged higher.
Initial claims printed 853k (vs 725k exp), a 137k jump from last week and the biggest weekly increase in new claims since March…
This is the highest amount of new benefits seekers in three months.
Continuing Claims also rose on the week, from 5.527mm to 5.757mm – the first increase since August and biggest increase since May…
But, the total number of unemployment claimants has dropped below 20 million…
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Sadly this data reflects the period BEFORE lockdowns really accelerated in California and other states.